Saudi to provide cash incentives to private sector employers to hire locals

By January 21, 2019News

The Saudi government announced they will offer cash incentives to private sector employers who hire Saudis.

The programme will offer support for Saudi employees earning between SAR4,000 ($1,066) and SAR10,000 per month.

Ahmad Al-Rajhi, Saudi minister of Labour and Social Development, said this is just one of many initiatives to encourage hiring of nationals in the private sector and increase Saudi participation in the labour market.

Vision 2030 reform strategy aims to reduce unemployment from 11.6 percent to 7 percent and increase participation of women in the workforce from 22 percent to 30 percent.

The government have recently imposed restrictions on 12 positions in retail and aim for a 70 percent Saudization rate.